Overview
What is St Louis Development Corporation?
The St. Louis Development Corporation, situated at 1520 Market Street, St. Louis, Missouri 63103, is a nonprofit organization dedicated to enhancing the efficiency and effectiveness of six government agencies and the St. Louis Local Development Company, another tax-exempt organization. By assuming administrative and research duties, the corporation acts as an imprest administration fund, covering general expenses and distributing them among the seven affiliated entities. The primary mission of St. Louis Development Corporation is to boost the economic development activities in St. Louis, Missouri, ultimately contributing to the city's overall progress. The organization, with a workforce of 81 employees, plays a crucial role in streamlining and optimizing economic growth initiatives for the city.
Is St Louis Development Corporation legitimate?
St Louis Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. St Louis Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,174,601
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,421,144
For more financial information, click here
What is the mission statement of St Louis Development Corporation?
The St. Louis Development Corporation's mission is centered around enhancing the efficiency and effectiveness of economic development activities. In essence, its role is to streamline operations within six government agencies and the St. Louis Local Development Company, a tax-exempt organization. The corporation accomplishes this by performing administrative and research tasks. Acting as an imprest administration fund, it covers general expenses and distributes them among the affiliated agencies.
What is the revenue of St Louis Development Corporation?
St Louis Development Corporation's revenue in 2024 was $12,616,455.
Who are the executives of St Louis Development Corporation and what are their salaries?
The average compensation at St Louis Development Corporation during 2024 was $110,372. There are 96 employees at St Louis Development Corporation.
Here are 15 key members and their salaries:
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- Compensation: $161,164
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- Other: $24,208
- Compensation: $134,674
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- Other: $25,065
Where can I find the form 990 for St Louis Development Corporation?
St Louis Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of St Louis Development Corporation
The St. Louis Development Corporation, in its mission, strives to enhance the efficiency and effectiveness of economic development activities within the city of St. Louis, Missouri. To achieve this goal, the corporation performs administrative and research functions for six government agencies and the St. Louis Local Development Company, a tax-exempt organization. By acting as an imprest administration fund, the corporation covers the general expenses of these affiliated entities, ensuring that their operations run smoothly and effectively. In essence, the St. Louis Development Corporation plays a crucial role in supporting the economic development efforts of the city, thereby contributing to its overall growth and improvement.
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Impact
October, 2024
St. Louis Development Corporation (SLDC) significantly enhances the economic development activities within the city of St. Louis, Missouri. By improving the efficiency and effectiveness of six key government agencies and a local development company, SLDC plays a vital role in streamlining processes and facilitating collaboration among different entities involved in economic growth.
SLDC's administrative and research functions provide critical support that allows these agencies to focus on their core missions. By managing an imprest administration fund, SLDC effectively distributes resources and alleviates the financial burden on affiliated agencies, ensuring they operate smoothly and efficiently. This centralized approach fosters a more cohesive strategy for community improvement and economic development, ultimately contributing to a more vibrant and prosperous St. Louis. Through its efforts, SLDC helps to create an environment conducive to growth, investment, and improved quality of life for residents and businesses alike.
This information is meant to be a general summary of St Louis Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $730,030
- Program Service Revenue: $11,814,093
- Gross Receipts: $12,616,455
Assets and Liabilities:
- Total Assets: $13,361,721
- Total Liabilities: $13,915,408
- Net Assets: -$553,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED MGT AND DEV FEE
Revenue
$11,814,093
Organization Details
Founding Year
1988
Principal Officer
Charles Hahn
NTEE Category
Code: S31 - Community improvement
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